Home Run – Fixed Income Monthly

Last month we discussed reasons to stay well-invested in credit markets. For now it seems that the powerful “technical bid” is too strong for a reversal, even though the gap between valuations and fundamentals is difficult to ignore. In our view, investing is about analysing the degree of “symmetry,” which is an issue that some segments of the fixed income market face more than ever. However, there are still pockets with value and decent upside.